Wednesday 3 February 2010

Greece to face European Commission economic scrutiny

BBC
"Greece will face the most stringent monitoring of any European Union country as it attempts to balance its finances over the next few years.The news came as the European Commission confirmed its support of Greece's plans to reduce its deficit.EU economic commissioner JoaquĆ­n Almunia also launched an infringement procedure to ensure Greek authorities report reliable budgetary statistics.Greece's deficit is more than four times higher than eurozone rules allow".

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